Date:May 31, 2018

Prophecy Development released the results of a positive preliminary economic assessment study for its Gibellini vanadium project. The PEA reported an after-tax cumulative cash flow of US$601.5 million, an internal rate of return of 50.8 percent.

Prophecy Development (TSX:PCY,OTCQX:PRPCF,FWB:1P2N) has released the results of a positive preliminary economic assessment study for its Gibellini vanadium project, designed to be an open pit heap leach operation in Nevada’s Battle Mountain region, about 25 miles south of the town of Eureka.

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